| Crazy! We had a $750K one-month swing and made it back to $11M after a shitty couple of months, and just underneath a new all-time high.
The major recovery in the market is lifting my "cash" position. What was once a loss of over $1.7MM (at the low), is now a loss of "only $628K." I suspect it will take the rest of the year to dig out of this bad decision/investment, but I do not anticipate closing it out with a loss. In the meantime, I made about $43K this month on a few 1-day swing trades using call options.
I made a moderate change to real estate values. It's really hard to tell and I like to come in low. According to Zillow, the values are much higher, but I think I'm very close to actual values. Also, I am beginning a remodeling project on my primary residence. It will take about 5 months and cost about $250,000 when complete, but given the price per square foot in my neighborhood, I'll not lose any money on it (i.e., average sales are $400 to $500 sq/f and my cost is about $250 to $350 sq/f).
Eventually, I should probably move the "cash" position into the stocks category because that's what it largely represents, but I was trading so often that it's not been my custom ... anyway, nice to see it recovering, and this has been a valuable lesson for me.
I got complacent. Live and learn.
Also, I took a $300,000 quarterly disbursement this month, but virtually all of it is already earmarked for paying the balance of 2014 income taxes, so it's not reflected in this month's gain.
Note: "Other Debts" are taxes that would be due upon sale of RE and RE values represent the net value, after estimated commissions and transaction costs. |